How much does The Terrace Hotel Limited make?

The Terrace Hotel Limited reported revenue of £4.7m and £584k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does The Terrace Hotel Limited have?

The Terrace Hotel Limited reported an average of 52 employees in the year to 31 Dec 2023.

Is The Terrace Hotel Limited profitable?

Yes — The Terrace Hotel Limited reported a profit of £584k in the year to 31 Dec 2023.

Company No. 09920594 · Incorporated 17 Dec 2015

The Terrace Hotel Limited

Registered name: THE TERRACE HOTEL LIMITED

The Terrace Hotel Limited made £4.7m revenue and £584k profit in the year to 31 Dec 2023.

The Terrace Hotel Limited’s revenue grew 36% to £4.7m in the year to 31 Dec 2023, with £584k profit and 52 employees. The company is classified under “hotels and similar accommodation” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55100Hotels and similar accommodation

Status: Active
Location: London, London
Age: 10 yrs · since 2015
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentOperating leverage

Revenue

£4.7m

Growth ▲36.3%

Profit

£584k

Growth ▲100.6%

Profit margin

12.5%

Gross 68.3%

Employees

Change ▲225%

Profit / employee

£11.2k

Revenue/employee £89.7k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.4m	£4.7m
Cost of sales	£1.2m	£1.5m
Gross profit	£2.2m	£3.2m
Operating profit	£176k	£1.7m
Profit before tax	−£296k	£817k
Profit after tax	£291k	£584k
Profit (best available)	£291k	£584k
Staff costs	£1.1m	£1.3m
Employees (average)	16	52
Ratios
Profit margin	8.5%	12.5%
Gross margin	64.2%	68.3%
Revenue per employee	£214k	£89.7k
Profit per employee	£18.2k	£11.2k
Growth (year on year)
Revenue growth	—	▲36.3%
Profit growth	—	▲100.6%
Headcount growth	—	▲225%
Balance sheet — indirect signals, not revenue
Cash at bank	£115k	£61.9k
Net assets	−£503k	£2.6m
Fixed assets	£15.8m	£15.6m
Current assets	£10.4m	£1.7m
Debtors	£14.6k	£168k
Deferred income	£193k	£297k
Source	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2025

Derived from the latest filing

How the business works

Profit margin: 12.5%; Profit ÷ revenue.
Gross margin: 68.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £89.7k; Revenue ÷ average employees.
Profit per employee: £11.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 335.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.6%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now £2.6m
Cash at bank: ▼46%; Now £61.9k
Headcount: ▲225%; Now 52
Deferred income: ▲54%; Now £297k
Fixed assets: ▼1%; Now £15.6m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £584k), from the Companies House accounts bulk data published Mar 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.